1045 E South Caribou Lake RdDe Tour VillageMI49725
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in De Tour Village at 1045 E South Caribou Lake Rd, De Tour Village, MI, 49725 earns $16/mo cash flow from $2,192/mo rent with a $1,615/mo payment. Total monthly income totals $2,192/mo, and annual cash flow totals $192/yr on $109,395 capital. ROI tracks 20.08% on current figures, and rental yield reads 7.97% at a $330,000 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,173 over five years. Five-year ROI reaches 104.3% and total cumulative return in cash sums $114,095. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,192/mo property income instead of your personal income.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49725, De Tour Village, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 814 (100%) |
| Owner Occupied HU | 326 (40.0%) |
| Renter Occupied HU | 18 ( 2.2%) |
| Vacant Housing Units | 470 (57.7%) |
| Median Home Value | $252,381 |
| Average Home Value | $268,351 |
Housing Distribution
Address Breakdown
Residential
250
Single Family
250
Multi-Family
0
Businesses
52
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Listed by: Kara Cloudman DePaul • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls ID: #388-25-0081